PhD in Economics
Economists research and interpret the current and future issues and trends in businesses, economies, and resources, and suggest the possible solutions to the relevant issues and problems. They may also serve the country as professors or journalists. Such economists come after completing a PhD program in Economics in different specializations (such as business economics, applied economics, econometrics, etc.). In addition to these designations, there are many more posts/positions attainable by the PhD holders in economics in India and abroad. Exclusive information about the various employment avenues and the possible posts/positions after a phd in economics is provided under the lowest section on this webpage.
The PhD (Doctor of Philosophy) in Economics is the top academic degree (research-based) offered by a university in the subject in India and abroad. This webpage offers precious and very beneficial information about doing a PhD in Economics in India. The topics covered are the phd admission 2021 procedure, eligibility requirements, career options after a phd in economics, and some famous universities of India which conduct the full time and part time phd courses in economics in diverse specialization areas.
PhD Admission 2021 in Economics Subject (Full Time/Part Time)
The phd admission procedure which is followed by most of the prestigious Indian universities involve two main selection criteria. These are the research entrance exam for phd in economics and a personal interview. The universities located all across India now conduct these test and interview as per the new UGC (Minimum Standards and Procedure for Award of Ph.D./M.Phil. Degrees) (1st Amendment) Regulations, 2018.Other requirements to be fulfilled for getting admission to a phd program in economics in India are specified under the section just below.
At present, the following are some hugely popular and best indian universities offering phd in economics through the full-time or/and part-time modes of research studies:
- Indian Institute of Technology (IIT), Indore
- Indian Statistical Institute, Kolkata
- Loyola College, Chennai
- Indian Institute of Management (IIM), Bangalore
- Mangalayatan University, Aligarh
- Lovely Professional University (LPU), Jalandhar
- Fergusson College, Pune
- School of Management, BML Munjal University, Gurugram
- IFMR - Institute for Financial Management and Research, Chittoor
- Madras Christian College, Chennai
- Amity University, Jaipur
- Meenakshi College for Women, Chennai
Eligibility/Qualification/Syllabus/Sample Papers for PhD in Economics
In India, the PhD (Economics) generally takes 3 to 5 years at the majority of Indian universities. Again, for finding phd admission in economics subject, the candidates must have a rigorous master's degree in economics or any closely-related subject or an equivalent degree. Other eligibility conditions/qualifications for applying for a phd in economics in India are the following in general:
- A decent master's degree in economics [MA (Economics)] or in any closely-related subject/field.This degree or an equivalent degree to it must be obtained from any duly recognized university or institution located in India or abroad. Again, the minimum marks in aggregate at postgraduation must be 55% for general candidates, and 50% for the candidates belonging to the reserved categories, or equivalent grades to these.
- The qualifying score in the research test will be 50% for general-category candidates, and 45% for the candidates belonging to the categories of SC/ST/OBC (non-creamy layers)/Differently-abled, etc. For more info in this connection, please refer to: https://www.ugc.ac.in/pdfnews/8303216_1st-Amendment---M.PhilPh.D.-Regulations.pdf
- Added advantages will be available to candidates with impressive academic records or prior experience in research-oriented works performed during postgraduation or earlier, related with economics or other pertinent fields.
- The M.Phil. holders in economics or the candidates who have qualified any of the following exams --- UGC (JRF) Examinations/NET/SET/SELT etc., are made exempt from participating in the test. They will have the privilege to tackle the interview directly.
The syllabus of phd in economics covers the advanced theories in various segments of economics and research methodologies, besides the core courses in general and specialized areas. In general, the syllabus encompasses the following areas and topics --- micro and macro economics; research methodology and experimental design; econometrics; economic issues and policies; collection, processing, and analysis of data; development and growth theories; corporate financing; international trade and finance; and various other research-oriented areas/topics in economics. Along with this syllabus, the phd economics sample paper paper can briskly be found on the internet.
PhD Admission in Economics for International or Foreign Students in India
The eligibility conditions for phd admission in economics specified above, hold good also for foreign students. But, differthe application fee and the structure of the course fees for international students. Again, depending upon the education system or the grading of educational degrees or performance employed in their respective countries, the documents to be submitted may also vary more or less. All other things, processes, and procedure followed during the research program remain the same, with no any discriminations.
Career Options after PhD in Economics
Completion of a PhD in Economics offers lavish employment opportunities in a wide range of fields/avenues, based on the specialization areas. The most common among these employment avenues are the following --- private companies and firms; academia; research institutions; Government departments; consultancies; banks and other financial institutions; insurance companies; media; coaching institutes; museums; etc. Again, the following are the posts/positions/designations attainable by PhD holders in economics:
- Financial Analyst
- Market Researcher
- Public Relations Officer
- Political Scientist
- Investment Consultant
- Stock Broker
- Media Analyst
- System Analyst
- Research Economist